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Seagate Plans to Close Plant in Ireland

Updated Oct. 29, 2007 3:07 p.m. ET

Seagate Technology, the world's largest maker of hard drives, said it is shuttering one of two manufacturing facilities in Northern Ireland, resulting in a cut of 780 employees, or about 1.5% of the company's global work force. The company is closing a 10-year-old plant that manufactures substrate materials used in disks for hard drives as part of its ongoing effort to streamline operations, a Seagate spokesman said. The spokesman did not know how much money the company would save from the move. He said Seagate expanded substrate manufacturing at its facilities in Singapore and Malaysia last year while external...